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8th Pay Commission: Big announcement early next year? Minimum salary likely to be doubled

8th Pay Commission Update: With the dearness allowance hiked for the July-December period, will the Centre finally make a decision on setting up the next pay commission? This question is likely on the minds of crores of central government employees and pensioners, who believe there may be announcements soon, especially considering the trend in which

Q2 Results 2024 Live Updates: Bajaj Housing Finance, Cyient DLM, Mahindra Logistics, Union Bank to announce earnings today

Go to Live UpdatesQ2 Earnings 2024 Live Updates: The Q2 earnings season has started and is in full swing. Market participants will watch out for the Q2 performance of the likes of Bajaj Housing Finance, City Union Bank, Union Bank of India, Gravtia India, Cyient DLM, and Mahindra Logistics among others. The earnings so far

83% of Indian businesses see tech risks as a major threat: Report

83% of Indian businesses view technology advancements and the consequent rise is concerns around data privacy, security vulnerabilities, and regulatory compliance as major risk factors, according to Horizon Watch Emerging Risk Report 2024. The report, published by Tata AIG General Insurance and Dun & Bradstreet India, was conducted among 300 business leaders across 25 sectors

Other income rescues profits of early birds; operating margins of 164 firms shrink in Q2

The earnings season has got off to a subdued start, with virtually every heavyweight disappointing the Street. Net profits of a sample of 164 companies (including banks and financials) were up 7% year-on-year on the back of an 8% rise in revenues. But net profits would have fallen but for a 23% jump in other

CPPIB drops plans to sell 50% IndoSpace JV stake

CPP Investments (CPPIB), Canada’s largest pension fund manager, has dropped its plans to sell stake in IndoSpace Core, its equal joint venture with IndoSpace, a developer of logistics parks promoted by Southeast Asia-focused Everstone Capital and US-based Realterm, people in the know said. CPPIB did not get the desired valuation from bidders, sources said. “Also

Modern trade gets quick commerce check as users pivot online; grocery chains’ volume growth falls to 4% in July-Aug

Not just kiranas, but quick commerce is beginning to hurt organised grocery retailers in urban centres as consumers seek instant gratification and convenience. While DMart, a popular grocery chain, admitted last week that online formats were hurting sales in metro stores, NielsenIQ data sourced from the industry corroborates this trend. Sales volume growth in modern

Companies make a beeline to set up RE storage capacities

As the government looks to set up 500 gigawatt (GW) of green capacity by 2030, a key challenge is to ensure its seamless access to the Grid. This is because RE by nature is intermittent, which undermines its optimal use unless stored efficiently. Private companies such as ReNew, JSW Energy, Avaada Energy, Serentica Renewables, Gensol

RE targets can swell solar import bill to $30 billion a year

India’s renewable energy RE) ambitions could increase the country’s annual solar import bill to $ 30 billion from $ 7 billion currently with most of it coming from China and as the entire world faces the same issue in its efforts to decarbonise key countries need to unite to global scale solar manufacturing facilities, according

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Will Budget 2025 remove the 30% tax slab for taxpayers in India?

As India approaches the Union Budget for 2025, speculation is rife about potential changes to the income tax structure, particularly regarding the highest tax slab of 30%. This slab, which applies to individuals earning above Rs 15 lakh annually, has been a subject of debate among policymakers, economists and taxpayers. The question on everyone’s mind

Bharat Electronics surges 4%. Here are 3 reasons why…

Bharat Electronics Ltd (BEL), a Navratna Defense PSU, share price surged over 4% after the company reported a 47.3% growth in its PAT for Q3FY25. The company announced its Q3 FY25 results for the quarter ending December 2024 on January 31. In early trading, the BEL share price is up by 3.33%, trading at Rs

Waaree Energies shares rally 14%. Find out what’s driving the upsurge

The share price of Waaree Energies rose 14% to an intra-day high of Rs 2,505.50 on the National Stock Exchange as net profit jumped multifold in Q3 FY25. The company reported a net profit of Rs 492.7 crore in the third quarter of FY25.  This is an increase of 296% year-on-year. In the correspondent quarter

L&T shares rally 5%: Here are 3 reasons why

The share price of Larsen & Toubro (L&T) rallied 4.9% to a high of Rs 3,590, intra-day, after reporting its quarterly earnings for the third quarter of FY25. The company reported net profit growth of 14% year-on-year (YoY), which it achieved on the back of a strong order book and a ramp-up in the execution

Q3 Results 2025 Live Updates: Nestle India, Marico, Vedanta, Pfizer, PNB, ONGC, others releasing Q3 results today

Go to Live UpdatesQ3 Results Today Live Updates: With a number of major companies across sectors already having released their Q3 numbers, the fiscal third quarter earnings season is now in full swing. Till date, majors like Reliance Industries Ltd, TVS Motor, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Adani Enterprises, Adani